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20121101
20121130
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of china america capital joins us now from the trading floor of cme group. good morning, good to have you on the show this morning on this jobs friday. > > good to be here. > > what do you anticipate as far as the numbers? > > looking at the adp report wednesday and yesterday's jobless claims report, expectations are probably on the high side. my expectation, for whatever it's worth, and i really don't think it's worth that much no matter what comes out, but 140,000. as long as we're north of 120,000, 140,000, i think it will be ok. the key is going to be the unemployment rate itself, which eyes will be focused on given the sharp drop it had at last month, and it's expected to uptick one or two basis points to 7.8%, 7.9%. so i think that's going to be real key to watch as well. > > and it turns out that consumers are confident. consumer confidence coming in at a four-year high. what do you make of that? > > i think that consumer confidence really goes with the market itself. granted that we have avoided a summer in which things could have turned very bad, and now i think we're looking at
of traders this morning. phillip streible of rjo futures joins us on this monday morning. good morning to you. > > good morning to you. > > what was going on with that sell-off on friday? was that classic buy-on-the-rumor-of- the-jobs-number and then sell- off-on-the-news? > > it was really interesting. i mean, traders started to jump in and we got some momentum after the number came out. the number was perceived very well, and we saw that push upwards. but as the day progressed, traders became more and more concerned about the election that's going to be tomorrow and what the results will be. so, it felt wise to maybe take some money off the table, stand aside and get back to safety. > > the market hates uncertainty. money though was moving out of gold. what is that telling you? > > that was actually very interesting, because we would have thought that that safety play would have been a push into the metals. but in all reality, it was more of a repatriation back to the dollar, selling some of the risk currencies. it pushed the u.s. dollar index up. we saw gold prices start to trend lower. th
of option pit mentoring gives us our first look at the trading day, and what do you anticipate on this post-election day mark? > > well, president obama won, so let's look at what his policies are really going to do. i think he's a weak dollar president. so what does that mean? gold is going to rally, commodities are going to rally. i think you will still have people searching for yield, so the stock market is going to rally. we will see a big sell- off in the vix, and we should see a sell-off in the u.s. dollar as well. > > what do you think about gold and oil here? yesterday they both ramped up. > > we saw both buying ahead of an obama victory. there is a strong belief that gold could make an end-of-year run through its all-time highs toward that $2,000 level. oil is a little more demand-centric, so expect it to test $90, maybe $95 in wti, but i doubt it's going to be testing new highs toward the end of the year. > > as you know, consumer confidence is up. we have retailers reporting earnings this week. is this a time to buy retail stocks? > > i think you have to be smart about which
part of the gold trade, too, is perhaps on a stronger u.s. dollar, and that of course could be a vote on perhaps a romney victory later on tonight. > > good to have you on the show today. that's john brady of rj o'brien. in battleground states such as ohio, hundreds of lawyers have shown up to monitor polls on election day. in our cover story, it's one of many pre- emptive steps being taken to avert a recount that, in ohio's case, could take weeks and delay the election's outcome. while former governor romney and president obama criss- crossed the country in last- minute campaign efforts, more than 200 lawyers from the non- partisan "election protection" group spread out across states such as ohio to make sure potential voters were not discriminated against or intimidated. legal challenges that could delay the outcome for weeks are the last things investors say they want. "the worst thing for business is uncertainty, and that's what's affecting the market now." already there have been two dozen lawsuits within the past six months challening photo i.d. requirments and limited poll hour
Search Results 0 to 3 of about 4